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Sbuild, you and many other peeps here need peruse the available information, break it down and understand what you're actually reading:-
"Placing shares gone, erghos out, multi million pound contracts racking up within just a few months and a very exciting board now in place."
Why don't you get it? The contracts are with 'JOEMedia' owned by Greencastle or DGFS if you prefer. The contracts are all incestuous, hence don't belong to 'ICON'. ICON manage these contracts for a fixed fee. The 25% of profit bonus, is the 'honey trap' PI's are hanging on, yet they have no clue on the minimum turnover needed before any bonus kicks in.
... you read it here first:-
https://www.youtube.com/watch?v=-QEWpWRG0no
Multi Billionaire?
Taken from ADVFN (hope 'PWhite' doesn't mind... worth a read):-
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PWhite7330 Nov '20 - 20:00 - 14941 of 14954
RNS 10/11/2020 Ehgos reduce their holding from 21.35% to 2.95% a reduction of 18.40% exactly the same amount that OTT Holdings hold and on exactly the same date. Both companies notified ICON on 12/11/2020. So why didn't you hear about the new holder at the same time?
Let me tell you why. 30/11/2020 was the closing date for the 20% Covid emergency placing where companies did not have to call an EGM, I told you all about this. There was not enough time for Ehgos to dump all their shares before 30/11/2020 and certainly not before 13/11/2020 the date of the new placing.
ICON issued 20% of the share capital on 13/11/2020. My belief is that they went to Ehgos with Shard as the intermediary. However Ehgos could not hold the 20% new shares plus 18% of the old shares as they would have been over the 29.99% limit where they would have to make an all out bid for ICON. I think all that's happened is that Ehgos has parked their old 18.40% with OTT Holding Ltd for safe keep.
ICON has held back the OTT TR1 announcement until now because clever people like me and Katsy would have sussed what was going on from day one. However twatty mug PIs like endeavor2 think there is a new billionaire holder in town interested in 18.40% of ICON. That would be strange when four directors are not even interested in 1.84%.
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yajnas1, you quote:-
"Personally I think a fair price is 15m for the company given its contracts infrastructure personnel etc. And that’s probably conservative given growth rate and how many deals have been struck in a year."
Under normal business practices maybe. The market understands these are mostly incestuous contracts and may not be all they appear. Personally I believe 'ICON' need to make some contract deals of their own making and not connected to a puppeteer.
t0m87,
Icon were in suspension for about three weeks in the run up to lockdown.
When trading around 0.07p towards end Feb. 2020 market capitalisation was circa £1.1 million with approx. 1.6 billion issued shares.
I could give you exact figures/dates etc, but for comparison purposes the above is close enough.
Holding up better than expected?... the equivalent mc today would give you a SP circa 0.003p
(thid - meaning ?... still not explained).
ATOM72, saying what you have...
At this stage, it would have to be a 'massive shed load' to give it any viability. They've creamed huge salaries from mug PI's for over eighteen month's now, without a bean on offer of self conviction.
md, I could be wrong!
My guess is that EHGOSF were still owed shares from the conversion deals they had in place... basically just an overhang, which took them over 3% ... so maybe no buying on their part at all.
bn, get a list of FTSE100 and stick a pin in at random.
ajf, what's a "thid"?
It's no wonder so many 'PI's' are scammed these days. Can't spell, won't research and unable to peruse and understand the content/context of a RNS.
yakya, "thid huge trade for a reason" DOH
I don't think you're wrong... more likely to see 0.01p before you see 0.02p again.
Seems the blind are leading the blind here. Don't be hoodwinked into thinking ICON are developing a cross section portfolio of contracts... all of them are in one basket (singular), controlled by 'DGFS and Greencastle'. There's only one winner here ( maybe two).
Peeps, DYOR 4Fsake.
yn1, "Starting to look healthy" that 's what I'm questioning.
The way I see it, (with Sefton's reputation shattered) Icon is being used as a means of funding his shenanigans. Time will tell... but as far as I can see, every deal they've managed to complete thus far, has been an incestuous one.
Asset? It's another loss maker, so pretty much worthless until they turn a profit.